The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.11% on Monday.
Australian Dollar ($A) (AUDUSD): 70.55US cents
Dow Jones (DJI): high 0.04%
Oil (WTI): $US63.50 per barrel
Gold: $US1,280 per ounce
ASX Sharemarket News
In ASX sharemarket news, medical technology business Volpara Health Technologies Ltd (ASX: VHT) has reported its quarterly numbers to investors.
Annual recurring revenue (ARR) at the end of the company’s FY19 fourth quarter was up 86% year on year to NZ$6.63 million. Total cash receipts from customers for FY19 rose by 83% to NZ$5.6 million. Cancellation churn remained at less than 2% of ARR.
The company reported that Volpara software is now used in 7.1% of US women who are screened for breast cancer.
Volpara CEO Dr Ralph Highnam said: “We now look forward to another strong year of growth: in FY2020, we’re expecting ARR growth to be 50% to 80%, the percentage of US women screened using a Volpara service to exceed 10% and a strong gross margin to remain above 80%.”
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Another Crown Resorts Ltd (ASX: CWN) takeover bid by Wynn Resorts hangs in the balance, according to the Australian Financial Review.
The Massachusetts Gaming Commission is reportedly close to deciding whether Wynn Resorts should keep its casino license for a new hotel in Boston.
Wynn Resorts also plans to make board changes to increase the chance of the casino license getting through. If approved, it makes the chance of another proposal more likely.
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Super Retail Group Ltd (ASX: SUL) has provided a trading update to the period to 27 April 2019.
In the first 17 weeks of the second half of FY19, Super Retail has delivered like for like (LFL) sales growth of 4.3%, which was better in most segments than the first half.
Supercheap Auto, Rebel and BCF have all experienced stronger sales growth in the second half, although Macpac only saw LFL growth of 2%.
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